The unprofitable money ,that is mostly leveraged to boot, is shorting the SPY and futures more than anything we have seen going back to 1999 ( can't go back any further on finviz ) The spy has been underperforming pretty bad compared to QQQ This data shows that as of the start of May, we have seen short bets by retail hit multi decade highs . Time to buy SPY...
Seem to be making some ground , crossing my fingers for some sideways rest on market and maybe might be seeing a higher low set on these accounts equity curve , to set us up for a move out of the range. As said before I am going to try to stick to regular monthly updates on these two accounts , good or bad . Tried to draw on some Trend lines over the account...
Last few sessions we have seen continuing strength and many names doing well but we started to become extended per my gut om the 25th of may and since than have grown more extended , I am long TQQQ, ELF , BRBR, WGMI , SMH and BOTZ and 3 of these names have recently put in what I refer to as UCB's or "upper channel breaks". Typically there is a 75% chance with...
bought , stop vs lod Wall street caught off guard , shake out prior too , I tried to be in but never worked so now i guess all there is to do is treat this as the wedge pop that it is but definitely extended ...
Well today was stopped out of partially de-risked ELF , but then told to re enter . So I did . But one thing that I am also watching is ULTA , which is struggling and looks vulnerable.
First one lost it, -1R , second one lost it but only 0.15R loss , what will the third one be ? So far trading this name I am down -1.15R , lets see if maybe this one hopefully takes that loss out to pasture .
Alright back for another go on today's wedge pop ... QQQ held its emas today too .. although very bad breadth 82 new highs and 565 new lows ... The close of tomorrow will say a lot imo .
Back in this , not too happy with risk/stop/reward setup , but this was planned to be focused on and until it does something wrong , I buy it . So here goes . I highlighted the nearby resistance which I think is significant and I could see it getting stuck there and visiting lower in the range . But I run on the principle that it's more important to just follow...
This is one of the strongest stocks in the market right now with three open 2/2 gaps , more than qualifies as a TT's name too . Personal note on my recent behavior , know thyself.... After getting bearish and shorting the 50sma loss on TQQQ, The market proved me wrong . Instead , providing wedge pops on TQQQ / QQQ . That puts the market back into GTM and...
Alright back into SMA today .. this is my second try . We have a few gaps on record for the bulls in this three bar break and today we pulled of a Wedge pop taking back our EMA's . We still have not overcome any minor highs though and are still below the downtrend line for this leg down .. Additionally we have FOMC rate decision out on the third so tomorrow is...
Well back in for another try with LABU here in aftermarket , had to pay a bit of a premium to get a fill but still pretty near the close and I actually daytraded it in a seperate account earlier near the open and just sold that so I suppose that made up for the difference I paid here in the aftermarket for the swing account . The fill price I ended up paying was...
Bought the bull flag on ANET / wedge pop Earnings is monday AMC but so I am literally giving it a monday to hopefully move enough to hold a bit . 1.5 R gives me 1/4 carryover, 1R gives me a 1/6 , anything under that is just going to be sold . I have done the math on this and it allows for a 4 R gap down unscathed ... if earnings reaction bad ... In my opinion...
Alright , first time getting in this after some ETF research recently , this group seems to be doing really well so far this year .. I attached my notes where I explain the logic on that and why I think WGMI is a good way to play and gain exposure ... Also I keep seeing repeating theme news recently how Bitcoin is finished , so perhaps this might actually be good...
Just an ETF of one of the stronger groups out there with minimal volatility so far , 2nd try ... Stage two .. 🤖
I decided to get long this as if I was trading the Wedge pop vs April 13th , Good risk reward entry and if it works , It could provide a quick derisk , if it doesn't work but also doesn't do anything wrong I now have the task of playing this .
Alright , take two la de doo . Nobody knows anything, just follow your darn system and if you don't have one well maybe go fishing :) It ain't easy being green , que Kermit the frog~ My account went from +5% to -5% this last week btw . I can't be the only one , stay consistent, don't get lost in the woods . And remember that " The Old horse sniffs the wind " ,...